If a Household's Income Doubles, Its Budget Constraint Will

question 206

Multiple Choice

If a household's income doubles, its budget constraint will

• A) shift out parallel to the old one.
• B) pivot at the Y-intercept.
• C) shift in parallel to the old one.
• D) be unaffected.

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Definitions:

Carbon Dioxide

A gas that is colorless and without smell, created when carbon and organic substances are burned and during the breathing process. This gas is naturally occurring in the atmosphere and taken in by plants for the process of photosynthesis.

Ethanol

A volatile, flammable, colorless liquid alcohol, widely used as a fuel and in the manufacturing of various chemicals, and also found in alcoholic beverages.

Yeast

Unicellular fungus that has a single nucleus and reproduces asexually by budding or fission, or sexually through spore formation.

Fungal Infections

Conditions caused by the growth of fungi in or on the body, leading to symptoms ranging from mild to severe.